Twitter CEO Jack Dorsey told Sen. Ted Cruz (R-Texas) at a Senate committee hearing Wednesday that Twitter does not have the ability to sway elections because the social media giant is only one platform used to disseminate information. During the hearing of the Senate Committee on Commerce, Science and Transportation, Cruz pressed Dorsey about whether his company has the power to influence elections. “No, we are one part of a spectrum of communication channels that people have,” Dorsey said, adding, “people have choice of other communication channels.” Cruz responded by saying, “if you don’t think you have the power to influence elections, why do you block anything?” Dorsey replied by saying Twitter has “policies that are focused on making sure that more voices on the platform are possible,” adding that, “we see…
“It has become apparent that Myer’s two largest shareholders are not supporting my re-election and I will not allow my ongoing tenure as chairman to be a distraction to the hard work of the executive team,” he said.
Lew has been critical of management and has said suppliers are hesitant to do business with Myer, while Mr Wilson has called for fewer directors and reduced pay.
Premier wanted the other directors to step down or face an extraordinary general meeting where they could be voted out, the spokesman said.
The company will consult other major shareholders to try and appoint a board with a majority of independent directors and an independent chair.
Representatives for Wilson Asset Management were unable to comment before publication.
Hounsell has been temporarily replaced by acting chair JoAnne Stephenson.
She referred to the shareholders’ criticisms and said Myer had the right management team and they needed to focus on trading.
“A war of words in the media is damaging for customers, damaging for the Myer brand, and therefore damaging for you, our shareholders,” she told the meeting.
“What Myer needs now, more than ever, is stability.”
He believed the company and its online channels were well-placed to thrive during the Christmas period.
Myer shares closed down 2.08 percent to 23 cents.
By Steven Deare
Focus News: Myer Chair Exits, Blaming Big Shareholders
A Democratic mayor of a small Pennsylvania town is endorsing President Donald Trump. The mayor of聽Carbondale, Justin Taylor, has been a Democrat his whole life, but now says the Democratic Party has changed and is moving toward socialism. He鈥檚 endorsing Trump in part because he spurred economic growth, and slashed corporate tax rates. From NTD News Focus News: Democratic Mayor of Small Working Class Pennsylvania Town Endorses Trump